Although he was reminded by Liu Jiani, Lin Yi did not come up with any results before she left.
Li Moyan gave a very detailed explanation, but it did not arouse any suspicion in the company. Everything seemed normal during her and Han Xue's vacation.
The person who may feel the most discomfort is Lin Yi.
The senior sister is not in the company, so many problems that were originally solved at her level have to be handled by Lin Yi, which greatly increases his workload.
Although Lin Yi has always spoken highly of her senior sister's contribution to traveling thousands of miles away, after she got started, she experienced for herself what kind of sacrifice it was.
This is just the work after the taxi war has settled.
Lin Yi is not a lazy person. He cherishes this career equally, so he has to spend more time and energy.
So much so that Liu Jianni teased him: "I have never seen you so diligent since I joined the company. Is this turning grief and anger into strength?"
Naturally, she would make such a joke in a private setting between the two of them. Lin Yi ignored it and just asked:
"what's up?"
Liu Jianni's professionalism was very good and she immediately entered the status report to report: "There is indeed something important that I must let you know."
"Mobike's E-round financing, jointly led by us and Factory A, has been completed. The final amount is US$600 million and will be announced in the next two days."
Lin Yi hummed: "This amount is basically limited by Hu Weiwei and Wang Xiaofeng. It seems that Factory A did not let them talk too much about the valuation."
He just made a brief comment, because Liu Jiani was bound to have more to say.
A mediocre employee is like a boring question-and-answer machine. He answers whatever the boss asks and feels that his work is qualified.
Excellent subordinates usually take initiative and think ahead for their boss.
Jenny Liu is obviously the latter.
"Yes, but Factory A is still optimistic about the bike-sharing industry and is very generous with its money. Being more realistic in terms of valuation is a sign of strong will."
"After this round of financing, our shareholding in Mobike has exceeded 40% through continuous increase in holdings, and we have the only veto power, making us undoubtedly the largest shareholder."
"Even if you have promised not to interfere with Mobike's operations, we have real influence and it is no longer possible to let Hu Weiwei and Wang Xiaofeng go their own way."
"Another point is that their main rival Xiaohuangqi is not idle either. As far as I know, they are also preparing for the next round of financing, and the amount will not be lower than Mobike's current round."
"Considering that they have strong support from Goose Factory, this goal is not difficult to achieve."
"In other words, the investment of the two giants in shared bicycles is getting higher and higher, but the competitive situation cannot widen the gap, and it is getting closer and closer to the situation of the ride-hailing industry."
"This situation will not last long, and we need to make plans early."
Liu Jianni knew a long time ago that Lin Yi was not optimistic about shared bicycles, but she still participated in this wave after her persuasion.
She was reminding Lin Yi that if Lin Yi had other plans, they might have to be put on the agenda.
Lin Yi was not in a hurry. He asked: "Mobike has just received 600 million US dollars. The money for the little yellow bike is already on the way. Can it at least last for a while?"
As the major shareholder of Mobike, Wanli Travel is very familiar with the other party's financial situation, and Liu Jianni has already settled the accounts for them.
"You may not think that US$600 million is a lot, but in fact, with the exponential increase in the number of bicycles launched by both parties, Mobike had already defaulted on a large amount of payment before this round of financing."
"This is also the reason why we kept emphasizing during this round of financing that they should give up misappropriating deposits. Mobike's financial pressure is already great, and the little yellow bike will definitely not be much better."
"Although they received US$600 million, according to the requirements of us and Factory A, after fully replacing the deposit with Fubao points, they actually lost a potential capital pool."
"I can say with certainty that without considering the next round of financing, Mobike and small yellow bikes will not survive for at least half a year."
It is now the middle of 2017, and it will only be the end of the year in half a year.
Can Mobike and small yellow bikes continue to raise funds?
uncertain.
But with their current size, what level of valuation will they need to reach if they refinance, and no matter how exaggerated their performance is, they may not be able to sustain it.
Besides, as Wanli Travel has had such a profound impact on Mobike, there will be no independence if we continue to increase our holdings.
Due to the limited scale of the industry, shared bicycles cannot burn tens of billions of dollars like the original taxi-hailing war.
However, in just one year, the industry has been pushed to the edge of the cliff, which is extremely fast.
Lin shook his head with emotion: "The bicycle-sharing boom started in 2016, and it's only been a year and it's almost gone."
Considering Wanli Travel’s support for Mobike, strictly speaking, his contribution is indispensable.
"In this case, Hu Weiwei, Wang Xiaofeng, and Dai Wei from the little yellow bike have had enough fun, so let's burst the boring bubble of shared bicycles as soon as possible."
Liu Jianni suddenly asked: "You're not going to take revenge on them, are you?"
Lin Yi was stunned for a moment, then waved his hand grandly: "Although Dai Wei has rejected me before, I am not so vindictive."
"I'm not talking about Dai Wei."
Liu Jianni's words surprised Lin Yi again, and then he realized that what she was talking about was that Hu Weiwei and Wang Xiaofeng were smart enough to hire Gu Caiwei as their spokesperson, but it turned out to be self-defeating.
Is this because you suspect that you are venting your anger on others?
Lin Yi wasn't that bored yet, but he didn't defend himself much. He just replied calmly: "We'll see."
Sure enough, after that, in addition to dealing with the work of traveling thousands of miles, Lin Yi paid a lot more attention to the shared bicycle industry and often called Hu Weiwei and Wang Xiaofeng to report to him on the situation of Mobike.
Although he still didn't intervene directly, both of them felt the pressure from him, and the attention of major shareholders was not a good thing.
While being cautious and anxious at the same time, the development of the shared bicycle industry has also been rapid and has undergone extraordinary changes.
When Mobike announced the completion of US$600 million in financing, it set another financing record in the shared bicycle industry.
However, this record only lasted for half a month.
Because by the beginning of the next month, Xiaohuangche announced its E-round financing, and the amount exceeded Mobike’s US$700 million.
Although Hu Weiwei and Wang Xiaofeng were both nervous, Lin Yi didn't care much whether they raised 600 million or 700 million, because this difference in money cannot determine the ownership of the industry.
Facts have proved that Liu Jianni's initial prediction in front of Lin Yi overestimated the financial status of the two companies, or their financial management level.